Thread: Iraq/Dinar News. 09/05 to 01/14/07

Originally Posted by kiko

Just logged in.

The CBI Auction looks GREAT!!! What a low amount and number of banks again.

I think they are almost "Dry".

Here's the statement, don't know if already posted:

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Demand for the dollar registered its lowest level in 2006
Baghdad - (Voices of Iraq)

Record demand for the dollar today, Tuesday, its lowest level this year. The dollar lost 2 dinars two of its value amid expectations of continued decline in demand for the American currency, with the direction of the Iraqi Central to raise the value of the Iraqi dinar at the expense of the dollar.

The Central Bank said in a statement today, Tuesday, that the demand for the dollar today, the volume of total demand of 850 thousand dollars, compared to 20 million and 580 thousand dollars on Sunday.

Confined demand for the dollar at 850 thousand dollars in cash, No sale of any amount in the form of remittances abroad. The bank has full coverage at the exchange rate amounted to 1437 dinars, down 2 dinars two rates yesterday.

Did not make any of the six banks participating in the auction, the lowest number of banks participate in one meeting this year, any offers to sell the dollar.

The dealers with the auction had predicted last week that the demand for the dollar remained low during the coming period due to the continuation of the Central Bank in reducing the price of the dollar that is bought today reduced its price tomorrow.

He said one be combined to "requests for the dollar will remain low in wait for the exchange rate that the Central Bank wants to get to and not known until now."

ÏæáÇÑ - (ÅÞÊÕÇÏ) :: Aswat al Iraq :: Aswat al Iraq



I like it when they use that statement each time!

Things are looking good!

I really like the the phrase "AND NOT KNOWN UNTIL NOW" . So, have we reached that point and may see the big R/V today or tomorrow???? It's all good!!!!

So a likely scenario is we will see a continual gradual increase in the value of the dinar with occasional jumps in value as people reach there threshold to sell. But sooner or latter there is going to be a critical mass point with the number of people and institutions buying, as they grow in confidence of it rise, verses the number selling. Then we should see some sudden and rapid increases as it moves towards it desired value.

Originally Posted by Alphamystic

It sure would be great if it happened in November BUT, I feel that with Bush and Maliki meeting in Jordan Wed & Thurs, that the reval won't happen during this time. And since Friday is the first of December.......JMO

Unless, they revalue the currency today or tonight that way when Maliki meets with Bush and King Abdullah then he can say "hey I'm trying we just made the huge currency revaluation this morning" .....Hey Maliki if your reading this feel free to use my scenario and quote......

Originally Posted by Adster

Guys, check this out, tis a spreadsheet showing gain/loss. Just fill in the green boxes. Got it from dinardo on IIF. Good lad. If you need to change to whatever currency then go into format, cells, currency, make sure all boxes are highlighted and it will change to pounds, euros etc. Very useful.

Great tool to have, be sure to thank him Adam. Does he come visit over here?

Randy

Originally Posted by rvalreadydang

Prime Minister Nuri al-Maliki today by the President of the whole territory Cordstan Mr. Masood Albarazani and the Territory's Chief Minister Mr. Najirfan Albarazani and a number of ministers of the region and members of the National Council Alcordstani.

.It was during the meeting discussed developments in the political process and the efforts of national reconciliation and reconstruction projects, the parties also discussed ways to strengthen the economic situation and coordination between the bodies concerned in the central government and the territorial government in the areas of finance and economic development.

.The meeting was attended by foreign ministers of finance, trade, planning, higher education, scientific research and a number of members of the House of Representatives.


http://64.233.179.104/translate_c?hl.../nhr1128h.html

Reval for facks sake! Not rocket science.

Originally Posted by Adster

Guys, check this out, tis a spreadsheet showing gain/loss. Just fill in the green boxes. Got it from dinardo on IIF. Good lad. If you need to change to whatever currency then go into format, cells, currency, make sure all boxes are highlighted and it will change to pounds, euros etc. Very useful.

I do not post much, I let the little lady do all that but according to the spread sheet I 'll take the 1.52.

Originally Posted by Lakeway

The King of Jordan is a pretty sensable guy from what I have seen and read. I was stationed in Jordan during 2003 when we LIBERATED IRAQ. He was taking a lot of shiite from his people for us being there but to give him credit he supported us. Watching him yesterday he seems pretty intelligent as well. I hope between GW and himself they can get this train up to full speed soon.

I saw his interview....he is outstanding!!!

Hey King Abdullah I will make you a deal...you bring this reval in before December 1 and I will namesake my youngest daughter after your country.....

Originally Posted by bluezzguy

Great tool to have, be sure to thank him Adam. Does he come visit over here?

Randy

Yea, it's dumfatnhappy on here! Big thanks to him guys for a very useful spreadsheet we can add to modify if necessary, or whatever! Make sure you save it. Actually, maybe a tax column might be good.

Thanks again matey.

Originally Posted by Wm.Knowles

Hello everyone. Well we can see another auction that further confirms our ideas of a "drying up". Market forces are in play which means that few are willing to sell their dinar at these levels. Keep in mind, that behavior is different at different price levels. So, to change market behavior and encourage people to sell their dinar, the price is going to have to increase. So, we are in exciting times, yes? We have 2 more auctions this week and then we will have a clear idea of where we stand.

I was asked about what I thought about the violence in Iriaq. Most of you know I did a tour during the year of "04 running heavy convoys all over Iraq and Kuwait. We saw the whole country. In August of "04, a general briefed us that he could have very good elections in 15 of the 18 provences. I think this is still a good guideline. Most of iraq is fine. Especially in the Kurdish areas. Also in the south. They do have occasional violence but very little. We had 14 minor wounded and lost three trucks, and all of this was in the western part of Bagdad. So the violence is real, but it is not all over iraq and the iraqis in the country side in towns and villages are doing what they should be doing. Getting their life together. One army officer stated that if you took a radius of 30 miles from the center of Bagdad, you could account for 95 percent of all casulties. So to say the whole country is going down the drain is not right. Even though they do have a couple of areas that are killing americans and iraqis, So I hope this helps and we are all excited about the numbers we are seeing. Have a good day and Thanks.

Exactly,

The violence is as Wm. states, very focused in and around Baghdad. Always has been a hot spot, and always will, even long after Saddam is hung, this will always be a trouble area of violence.

What we have is no civil war, far from it, but the press sure wants it to look this way, especially since this sells into the democrats win of house and senate and their opposite strategy than Bush. They present it as if the whole country is killing each other, and this is far from the facts.

What we see is the typical turf wars that have existed for centuries, and it is the same shia and sunni savages which have always tortured and killed. This is not normal, these are savages, inhuman group, not the mass majority as we are led to believe over and over again in press.

Suicide bombers, as we know, are a special breed, the poorest, the most illiterate, the most misled and the most lost of all Iraqi's, and they are both shia and sunni's, not Kurd or Turks or Christian sects, these are the radical followers of the radical leaders such as Sadr militia.

As I see it, the moment Maliki was too weak to deal with Sadr militia, this gave them the signal to be even more savage, so their true colors are now exposed, along with similar savage killings on sunni side. This will never end until poverty ends, for these factions are driven to kill for if you cannot read or write, you have only one choice, to follow blindly. Put money in the hand of these followers and even the most illiterate will figure it out, and want to live over death by suicide.

We have all gotten very involved in learning and understanding the mind set in Iraq, and what I have learned is the only way to solve issues is to hang the almight dinar over their heads. You want to follow Sadr, you get ZERO from oil wealth. Eliminate the poor and you eliminate the blind followers, simple. Each day they hold back on distribution under impending oil distribution law, the more killings we will see. I feel it has ramped up as Sadr and other radicals know this will be the end of their power, so they are making a violent last stand, and the press loves it.

Maliki has a decision to make, and he must make it now. If he is fearful of going against Sadr by disarming, then cut them off from oil wealth, a very effective and strategic tool to end it now without having to disarm them. After all, they are the poorest slum in all of Baghdad, so imagine that the rest of Iraq's people became wealthy, and they remain slum poor? The would not even be able to afford bullets, and this would be the end, and even the most illiterate will be able to figure this out and stop. We need the oil distribution law completed with provisions to deny payment to any group who supports violence, end of story, revalue and economic growth will explode.

Good luck to all, Mike

Originally Posted by Adster

Yea, it's dumfatnhappy on here! Big thanks to him guys for a very useful spreadsheet we can add to modify if necessary, or whatever! Make sure you save it. Actually, maybe a tax column might be good.

Thanks again matey.

Taxes? We don't want to pay any stinking taxes.